Managers
Pershing Square Capital Management founder Bill Ackman is attempting to revive the initial public offering of his investment fund, Pershing Square USA, by offering additional incentives to attract early investors, according to a report by the Financial Times
Despite strong industry performance this year, a significant portion of hedge funds have yet to fully recover from the steep losses experienced in 2022, according to a report by Institutional Investor.
Hedge funds may be facing losses totalling billions of dollars due to a steep decline in the shares of Chinese e-commerce giant PDD Holdings, the parent company of budget retailer Temu, according to a report by Reuters.
Millennium Management is set to support Sone Capital Management, former Echo Street Capital portfolio manager George Panos’s new systematic market-neutral hedge fund firm, as part of a strategy to allocate more capital to external traders, according to a report by Bloomberg.
Kirin Holdings Co has postponed its purchase of a majority stake in Fancl Corp, setting a new 11 September deadline, amid challenges posed by significant share acquisitions by hedge fund MY.Alpha Management HK Advisors, which now controls over 10% of Fancl’s voting rights, according to a report by Bloomberg.Â
Growing concerns over the current hurricane season have negatively impacted returns at catastrophe bond hedge fund Fermat Capital Management, with the Swiss Re Global Cat Bond Performance Index returning 5.8% in H1, down from 10.5% in the same period last year, according to a report by Bloomberg.
CCS Partners, a newly established credit management firm specialising in structured and private asset-based transactions, has raised $4bn in commitments since its launch earlier this month, according to a report by Bloomberg.
Ken Griffin is gearing up to break ground on the construction of a new $1bn-plus, 54-storey skyscraper in Miami next year, which will serve as the new headquarters for both his multi-strategy hedge fund firm Citadel and market-making business Citadel Securities.
Hedge funds and other institutional investors sold off the equivalent of 48 million barrels in the six most significant oil futures and options contracts during the week ending 20 August, bringing to an abrupt end the brief rally of the previous week, according to a report by Reuters.
Millennium Management, the $68bn hedge fund multi-strategy major, has closed two of its investment teams in Asia, leading to the departure of two portfolio managers, according to a report by Bloomberg citing an unnamed source familiar with the situation.
